HP confirms breakup, layoffs hit an entire Google’s worth of employees

HP had 317,000 employees as of October 2013. The company got rid of 36,000 people by July of this year. HP was planning total "employee reductions" of 45,000 to 50,000 people, but it will now push that to 55,000 "to fund investment opportunities in R&D and sales," the company said in a presentation for investors today.

HP plans to break into two by the end of October 2015. One of the new, separate companies will be Hewlett-Packard Enterprise, focusing on "servers, storage, networking, converged systems, services and software as well as its OpenStack Helion cloud platform," HP said. HP CEO Meg Whitman will be CEO of Hewlett-Packard Enterprise.

HP's personal systems and printing businesses will become HP Inc. and have "a strong roadmap into the most exciting new technologies like 3D printing and new computing experiences," HP said. Dion Weisler, executive VP of the printing and personal systems division, will be HP Inc. CEO. Whitman will chair the HP Inc. board.

Based on current financials, Hewlett-Packard Enterprise would have $58.5 billion in revenue and operating profit of $6 billion. HP Inc. would have $57.2 billion in revenue and $5.4 billion in operating profit.

Previous HP CEO Leo Apotheker planned to spin out HP's PC division in 2011, but the plan was shelved and he was replaced by Whitman.

"After three years of work, we are now in a position of strength," HP's presentation said, explaining why "now is the right time" for the split. HP said that after the breakup, "partners and customers will have simpler and more nimble organizations with which to conduct business." The two companies will allegedly be "faster to respond to changing customer requirements and market dynamics."

MoviePass drops pricing to under $7 per month, if you opt for the annual plan

MoviePass, the subscription service that lets consumers pay a monthly fee to see unlimited movies in theaters across the U.S., is slashing its prices yet again. The company announced today it’s now offering its service for $6.95 per month, down from the current price of $9.95 per month, when customers commit to a one-year subscription plan. That works out to a flat fee of $89.95 annually. The deal is a limited-time promotion, as opposed to a permanent pricing change, but MoviePass didn’t say how long the offer is valid. However, it is open to both new and existing subscribers – the latter who would receive a 25 percent savings on their current subscription if switching over to the annual plan. This is not the first time that MoviePass has dropped its pricing. When the company introduced its $9.95 per month, one-movie-per-day plan this August, down from $15 for 2 movies per month (or more in select markets like L.A. and NYC, and going as high as $50), it saw so many new sign-up...

ASUS VivoBook X202E Windows 8 Touchscreen Laptop Review And Giveaway

It wasn’t very long ago when prices of touchscreen Windows 8 laptops soared beyond $1000. Thankfully, those days are behind us, and portable computers can easily be purchased – touchscreen and all – for under $500. That’s precisely the demographic in which the ASUS VivoBook X202E falls. When compared to a high-end laptop, its specifications might seem modest, but for laptop buyers just looking for a way to browse the web, watch videos, use basic apps, and not spend too much money, something in this budget is perfectly suitable. The question is, of course, how does the ASUS VivoBook X202E compare to others on the market, and is it the one which you should be spending your hard-earned money on? Well, you’re just going to have to keep reading to find out. Best of all, we are giving away an ASUS VivoBook X202E to one lucky winner. Keep reading for your chance to take home this Windows 8 touchscreen laptop! Introducing the ASUS VivoBook X202E Laptop The ASUS VivoBook X202...

How To Upgrade Your PS3 HDD

The living room game console has become a central media hub for many, which can mean large movie downloads. Despite all the controversy surrounding DRM, digital game downloads have finally arrived too – nowadays, you can download premium AAA titles on launch day without having to wait for a piece of plastic to arrive in the mail. And if you’re a PlayStation Plus subscriber, you have gigabytes of new games literally thrown at you every month. On environmental grounds, I couldn’t be happier about the move to digital – but it means local storage needs are growing rapidly. The days of having a slot-in memory cartridge are far gone – a few hundred gigabytes would be modest by today’s standards. Let’s upgrade. Luckily, Sony made it really easy and user-serviceable to upgrade the internal storage drive – unlike Microsoft, who locked it down and demanded you buy first-party approved models only. Upgrading your PS3 drive will not void the warranty. Why Upgrade? I recently bo...

Kiran Upadhyay

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